PRODUCTS:
The Company distributes approximately 130,000 front-end titles of pre-recorded music to independent record stores, college bookstores and mass merchants. Generally, front-end titles are popular, current, pre-recorded music titles. In addition, through its recording studio, the Company produces such types of music as gospel, adult contemporary, reggae, top 40, blues, country, rap, rock, instrumental, rock & roll, jazz, pop rock, classical, easy listening, big band, rhythm & blues, and various ethnic folk music recordings.
The Company owns certain exclusive and non-exclusive rights associated with approximately 15,000 music master recordings from existing music catalogues of recorded music. A "master recording" is the original, final, then-recorded version of a song recorded in the studio. Of such 15,000 master recordings that the Company has the right to exploit, approximately 33% (5,000) the Company has exclusive rights to, and the remaining approximately 67% (10,000) the Company has non-exclusive rights to.
:-)
Gary |
